Searching for the top forex broker with a high-volume account? Based on our hands-on analysis, we’ve identified the best 6 options tailored to various trading needs. Practical tips from our experts are included.
A high-volume account refers to a trading account designed for traders who execute a large number of trades or deal with significant volumes of assets within a specific period, typically measured in monthly or daily transactions.
High-volume accounts often come with benefits such as lower transaction costs or commissions, access to advanced trading tools, and sometimes even personalized support due to the substantial trading activity. The term is commonly used in the context of forex and stock trading, where high-volume traders are valued for their liquidity contribution to the markets.
Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.
Now let’s delve into the selected brokers.
Regulated by CySEC, ASIC, and the FSA Seychelles, IC Markets has been the go-to forex broker for high-volume and high-frequency traders since 2007. With access to raw ECN pricing, low fees, deep liquidity, and a zero requote policy, IC Markets is the best overall broker for high-volume traders.
High-Volume Account Features
The IC Markets Raw Trader Plus high-volume trading account offers ultra-fast trade execution and deep liquidity sourced from the interbank market. This provides execution speeds under 40ms and low trading fees.
In our live test, I found the spread for EUR/USD averaged 0.65 pips, beating the 1.0 pips industry average for the Standard zero-commission account.
Lower spreads starting from 0.0 pips can be found on the Raw Trader Plus high-volume account. There is a commission of $3.50 per lot, which is in line with the industry average. The account also offers cash rebates of $1.50 per lot for a minimum trading volume of 100 lots to 1,000 lots.
Above this, cash rebates increase to $2.25 per lot. With access to free VPS hosting and dedicated client support for high-volume traders, IC Markets is an excellent choice for high-volume traders.
FP Markets is a global multi-regulated broker that offers direct market access (DMA) on global markets since 2005. With access to low spreads on more than 10,000 instruments for high-volume traders, FP Markets is a top broker to consider.
High-Volume Account Features
The FP Markets IRESS DMA account provides direct market access pricing for high-volume traders using the IRESS trading platform. This platform caters to professional traders and offers market depth, enhanced liquidity, zero requotes, and no broker intervention.
Since prices are directly obtained from the interbank market, FP Markets is able to offer low trading spreads. My live fee test revealed that the spread for EUR/USD averaged 1.1 pips, aligning with the industry average of 1.0 pips for a zero-commission account.
High-volume traders who execute over 15 trades in a calendar month or generate more than $150 in commissions can access the IressTrader platform and live-streaming quotes on Australian stocks at no cost, thus saving a $60 monthly platform fee and a $25 monthly data fee. Additionally, cash rebates are available for trading on the 10,000+ global share CFDs, positioning FP Markets as a leading broker for high-volume stock traders.
Licensed by ten regulators worldwide, including the FCA, FINMA, and MAS, IG has been a heavyweight in the retail trading industry since 1974. A publicly traded company on the London Stock Exchange, IG offers high-volume traders an excellent range of markets, platforms and benefits.
High-Volume Account Features
The CFD Account offered by IG International provides access to three world-class trading platforms, including MT4, ProRealTime, and IG Web Trader. Having used the last one for decades, I can share first-hand how easy it is to use and trade from.
Searching for any of the 16,000+ tradable instruments can be easily done using the search box. The charts feature over 100 drawing tools and technical analysis indicators, and in-platform newsfeeds are available from the IG in-house team and Reuters. Additionally, trade alerts and signals from third-party providers Autochartist and PIA-First are accessible.
Another standout feature is the volume-based rebates available on forex, indices, commodities, and shares. For forex, IG offers a rebate of $5 for every 25 million USD in notional trading volume. This is on top of competitive spreads offered by the broker for its commission-free forex trading. I found the spread for EUR/USD averaged 0.75 pips, beating the 1.0 pips industry average and making IG a top broker to consider.
Licensed by FMA New Zealand and FSA Seychelles, BlackBull Markets has offered excellent trading conditions since 2014. Five trading platforms provide raw ECN pricing from servers based in the Equinix NY4 data center, resulting in fast trade execution under 72ms.
High-Volume Account Features
The BlackBull ECN Institutional Account is aimed toward high-volume traders. With spreads from 0.0 pips, the broker charges a commission of $4.0 per lot, higher than the industry average of $3.50. The broker’s Standard ECN account provided an average spread of 1.15 pips, slightly higher than the industry average of 1.0 pips for a commission-free account.
BlackBull Markets’ ECN pricing comes directly from the interbank market and its low liquidity providers and is available on the many trading platforms BlackBull Markets offers. This includes MT4, MT5, cTrader and TradingView.
I find cTrader an excellent option for high-volume and high-frequency short-term trading. Built specifically for short-term and algorithmic traders, the one-click trading option and platform stability make BlackBull Markets a top choice for ECN trading.
tastyfx is a new brand name of IG US and a part of IG Group, a retail trading heavyweight since 1974. The broker offers an excellent range of currency pairs to trade, high leverage, and cash rebates for high-volume traders.
High-Volume Account Features
tastyfx’s high-volume trading account offers a fantastic range of currency pairs. This includes 82 major, minor, exotic, Australasian, Scandinavian and emerging pairs. Our live fee test showed an average spread on EUR/USD of 0.8 pips, beating the industry average of 1.0 pips for a zero-commission trading account.
High-volume traders with a minimum monthly notional trading value of $50 million are considered premium clients. This status offers cash rebates of up to 15% of the spread paid, automatically credited to your account on the 10th of the following calendar month. It also provides 24-hour trading support from your premium client manager and reimbursed fees for third-party platforms and bank fees.
Regulated by top-tier authorities worldwide, OANDA US has provided foreign exchange solutions to retail and corporate clients since 1996. More than 68 forex pairs are available to trade from a wide range of feature-rich trading platforms.
High-Volume Account Features
OANDA’s high-volume trading account is called Elite Trader. It offers a dedicated relationship manager, exclusive discounts to third-party platforms such as TradingView, access to VIP events and cash rebates from $5 – $17 per million traded. High-volume traders can earn up to 3% APY on any unused margin, providing an extra boost to your investment.
MT4, TradingView, and OANDA’s web trading platform are all feature-rich. Standard account holders have access to additional platforms, including MultiCharts and MotiveWave. The OANDA web platform is an excellent tool for trading in the forex market, thanks to its advanced technical analysis tools. These tools include OANDA’s order book overlay indicator, position ratios, and a news aggregator. Identifying where the majority of price orders come from other traders is a fantastic method to pinpoint areas of supply and demand in the market.
Our live fee test showed the average spread on EUR/USD was 1.45 pips, higher than the industry average of 1.0 pips for a zero-commission account.
Here is a quick guide on choosing a forex broker with a high-volume account.
High-volume trading accounts are available for those actively trading, with some brokers requiring a minimum monthly notional trading volume of $50 million. Therefore, choosing a well-regulated broker is crucial to ensure that your trades are executed fairly and without any conflicts of interest.
Governmental financial authorities oversee regulated brokers and ensure they follow strict rules and laws in handling your capital safely and fairly. However, not all regulated brokers are equal. In our broker rating reviews, we categorize regulatory bodies into three tiers:
Tier 1 regulators provide the highest level of safety, transparency, and investor protection. Brokers regulated by these authorities must segregate client funds from company funds, ensuring that client deposits are not used for daily business operations.
Find Best FCA-regulated brokers and Best CySEC-regulated brokers.
Additionally, Tier 1 regulators mandate that brokers offer negative balance protection policies. This prevents a retail trader’s account from falling into negative territory due to adverse market movements.
Regulatory bodies such as the FCA, IIROC, and CySEC go further by ensuring brokers participate in a compensation scheme. These schemes can protect client deposits up to a certain amount in the event of broker insolvency.
To verify your broker’s regulatory status, review the legal terms and conditions and consult the regulator’s register in the country of operation.
My advice is to steer clear of any unregulated brokers. As strict rules and laws do not govern these brokers, there are no legal options to support your case if they act fraudulently.
Read more about Best regulated forex brokers.
The broker’s fees are critical to success when using a high-volume trading account. Here are several fees to be aware of:
Most high-volume accounts charge a commission for buying or selling but offer lower spreads. Therefore, high-volume traders aim for the lowest possible trading commission. To understand a broker’s fee structure, review the account or fees page on their website or contact customer support.
Read more about Best lowest spread forex brokers and Best low swaps forex brokers.
Due to the competitive nature of the brokerage industry, most brokers offer a range of account types to attract different traders. Generally, these accounts are divided into commission-free and commission-based categories.
For high-volume accounts, brokers are likely to charge a fee for buying or selling but offer low spreads sourced directly from the interbank market and their liquidity providers. The commission fees can accumulate for high-volume traders. This is why some brokers also provide rebates on commissions.
High-volume rebate accounts give back a portion of your trading commissions based on the volume of your trades. This setup encourages high-volume traders to trade more actively, earning more rebates on the commissions they pay, which, in turn, benefits the broker.
Check out Best no deposit bonus forex brokers.
Some brokers may only charge the spread and offer zero commission for high-volume accounts. In such cases, any cash rebates would be deducted from the spread you pay, reducing your overall trading costs.
Brokers keen on attracting high-volume traders may offer additional perks with high-volume accounts. These could include dedicated customer support, premium trading tools access, and industry event invitations. It’s beneficial to review all the features available to maximize your experience with a broker.
Read more about Best forex brokers for professional traders.
Leverage provides the ability to control a large position size using a relatively small deposit. For example, a leverage ratio of 1:50 means you can open a position worth $50, using $1 of your own capital, enabling control of a position thirty times the size of your deposit.
Top-tier regulators, such as the FCA, CySEC, ASIC, and IIROC, have imposed a limit on retail trading leverage at 1:30. However, some brokers will offer high-volume accounts with their offshore-regulated entities and offer higher leverage, reaching 1:500 or more.
Higher leverage is useful for high-volume traders as it means you can take far more positions using a smaller amount of capital. However, leverage has the effect of magnifying profits and losses.
As your profit and loss are calculated on the total trade value, your broker could enact a margin call if there is not enough capital in your account to control the larger position. In this instance, your broker will automatically close your trades, potentially resulting in unforeseen losses.
Check out our guide on Best high leverage forex brokers.
For high-volume trading, the choice of trading platform is very important. When choosing a platform, take into account the following considerations:
Discover Best automated trading forex brokers.
Some of the world’s most widely used trading platforms include:
In my 15 years of trading experience, I have favored brokers offering platforms accessible across multiple devices. This feature allows me the flexibility to access my trading account via desktop, laptop, or mobile devices as needed.
Check out our dedicated guides on Best forex trading platforms.
Many brokers provide demo trading accounts, offering an excellent opportunity to test various platforms across different devices and identify the one that best suits your preferences.
Find your Best forex demo account.
When selecting a forex broker for high-volume trading, beware of the following:
Unregulated Brokers: Trading with an unregulated broker poses significant risks. In the event of fraudulent activities, there are no protective measures in place to aid in the recovery of lost or stolen funds.
Lack of Transparency: Difficulty in comprehending and verifying a broker’s regulatory status, trading fees, and terms suggests a lack of transparency. A top-tier broker will want you to know how safe it is to trade with them and how competitive their fees are.
No Physical Presence: Brokers without a physical office and staff in a reputable region raise a major red flag. Reputable brokers typically maintain offices in well-known financial regions and employ a substantial workforce to manage their operations and support your trading activities.
Unrealistic Profit Promises: Brokers who make exaggerated and unrealistic promises of substantial profits are engaging in dishonest practices. It is important to acknowledge that all trading involves risks. Any assurances of guaranteed profits should be viewed as a scam.
Follow these guidelines to avoid falling victim to forex and CFD scams:
To identify the best forex brokers with high-volume accounts, we evaluated brokers using our proprietary rating system that analyzes 250 data points across nine core categories:
Here you can learn more about our review process.
For this guide, we also confirmed that each broker offers a high-volume trading account with additional trading features such as cash rebates, lower fees, dedicated customer support, invitations to different events, and more. We also ensured each broker provides a good range of tradable instruments and a feature-rich trading platform that can handle high-volume trading.
The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.